India: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in India

The Indian flax, tow and waste market declined markedly to $X in 2021, with a decrease of -X% against the previous year. Overall, consumption, however, continues to indicate a significant increase. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Production of Flax, Tow And Waste in India

In value terms, flax, tow and waste production totaled less than $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

The average yield of flax, tow and waste in India stood at less than X kg per ha in 2021, remaining relatively unchanged against the previous year. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the flax, tow and waste harvested area in India amounted to less than X ha, approximately reflecting the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Flax, Tow And Waste

Exports from India

Flax, tow and waste exports from India soared to X tons in 2021, rising by X% compared with 2020. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, flax, tow and waste exports soared to $X in 2021. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for flax, tow and waste exports from India, with a X% share of total exports. Moreover, flax, tow and waste exports to Belgium exceeded the volume sent to the second major destination, Lithuania (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+X% per year) and Germany (+X% per year).

In value terms, Belgium ($X) remains the key foreign market for flax, tow and waste exports from India, comprising X% of total exports. The second position in the ranking was held by Lithuania ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+X% per year) and Germany (+X% per year).

Export Prices by Country

The average flax, tow and waste export price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Lithuania ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flax, Tow And Waste

Imports into India

In 2021, after six years of growth, there was significant decline in supplies from abroad of flax, tow and waste, when their volume decreased by -X% to X tons. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced rapidly in the following year.

In value terms, flax, tow and waste imports contracted significantly to $X in 2021. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2020, and then fell rapidly in the following year.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of flax, tow and waste to India, accounting for a X% share of total imports. Moreover, flax, tow and waste imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Russia (+X% per year).

In value terms, France ($X) constituted the largest supplier of flax, tow and waste to India, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Russia (+X% per year).

Import Prices by Country

The average flax, tow and waste import price stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the import price continues to indicate a tangible increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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